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Europe Daily Bulletin No. 10788

19 February 2013
Contents Publication in full By article 25 / 39
ECONOMY - FINANCE - BUSINESS / (ae) g20
Top financiers soften the calls for austerity measures

Brussels, 18/02/2013 (Agence Europe) - The G20 finance ministers are still recommending a reining in of public finances, but they say that because economic growth is too low and unemployment unacceptably high in many countries, they are moving to more realistic budget consolidation targets.

They are getting rid of the targets set at the G20 Summit in Toronto in the summer of 2010, recommending a halving of public debt by 2013 and stabilisation by 2016. Repeating the need for stable public...

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